Radium Update #18 — Organizational Restructuring

Following a
long and thoughtful discussion in the last few weeks between the
various developers and core community members we have decided to embark
on an organizational restructuring. There are various reasons and
consequences of this that are outlined below, but the main objective is
to try to provide a more streamlined way for all parties involved to
achieve the project’s goals.

What are the changes?

As
a community member, not many. However behind the scenes there will be
some significant structural changes. The main outcome of this is to
accurately define the functions of the three main individuals associated
with the Radium project: Tim, Justin and Alaniz.

Tim will focus on the development and operation of Project Radium LLC as a service built on top of the Radium SmartChain.

Justin will continue to focus and develop the Radium SmartChain software.

Alaniz will
take up the role of managing and maintaining the community at large.
This includes marketing, promotion and outreach as well as developing
community side services and maintaining the Radium Core code.

The
main organizational change is therefore that Alaniz will be taking up
some of the responsibilities currently shared by Tim and Justin,
allowing them both to focus on their respective areas of interest whilst
still ensuring a growing degree of promotion and marketing of the
project.

Aside
from the obvious benefits of having more clearly defined roles between
participants within the project. We are also doing this to ensure that
no legal liability falls on Project Radium LLC for any potential
marketing or promotion of Radium Core. This may seem a bit confusing but
that’s currently the issue with most business regulations in the USA
concerning blockchain technology. The above mentioned changes are
therefore also being implemented in an effort to minimize any potential
legal risks that may arise in the future. In summary, Project Radium LLC
and SmartChain Software Solutions LLC will no longer be directly in
control of the community in order to ensure the level of legal
flexibility mentioned above. Having said that, both Justin and Tim will
maintain their current standing within the community and contribute to
the same extent as they have done in the past.In
order for the various aspects of the project to communicate and to
decide things effectively, we have decided to use a 2/3 consensus rule
whereby big decisions affecting all aspects of the project will be
decided based on this rule. The three participants in the decision
making will be Project Radium LLC (under Tim’s management), SmartChain
Software Solutions LLC (under Justin’s management) and the Radium Core
Community (under Alaniz’s management). Each respective corporate board
or community board will need to come to their own 2/3 consensus to enact
a final decision.

What happens next?

Community maintained resources will be renamed from “Project Radium” to “Radium Core”

Building a new community and Radium Core orientated website

Revamping and becoming more active on social media accounts

Designing and implementing a standardized way for core community members to contribute to the decision making process

In
order to implement the legal aspect of this restructuring there will be
some minor renames with respect to some of the media outlets currently
available. This means that the current Twitter, Facebook, Medium, etc.
accounts will be renamed (not changed or new ones made) to Radium Core
to move away from the name Project Radium (which will from now on be
associated with the company Tim is building).Relating
directly to the community there are various things that we will be
working on in the near future. Specifically we plan to create a new
website which will be solely focused on Radium Core, the community and
the SmartChain. In this way we can create a collection of resources
related to Radium as well as the SmartChain for everyone to have easy
access to. The current Project Radium website will become more focused
on the business side and cater towards more corporate clients / viewers.We
also plan on updating the current Bitcointalk OP as this is still
regarded as Radium’s “landing page” within the crypto community. Other
things we want to do are revamping and becoming more active on social
media accounts, as well as providing more regular community updates on
our blog and on Bitcointalk.

Other Items

The
SmartChain update is still being worked on and substantial progress is
being made. We aim to have a specific update post on progress early in
the new year.